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You could be
right about the upside being sustainable. Listened to a discussion on the
subject on CNBC
The interviewer
was sceptical, arguing that the gold price would periodically go over 3 dollars
(in troubled times) but would always slip back
The
others on the panel had a number of arguments why things would be different this
time and that the industry was now in a stronger position than for many years.
They agreed with you that there is more upside to
come.
I have been watching them closely and had a brief profitable fling on
LSG . Curiously today the stock retraced below the level i sold at and it
is again attracting my interest. The stock is now about 12% off its recent
high, and im starting to perk up. Will check first there is no political turmoil
in the countries they have interests in.
There are plenty of other gold
stocks which look interesting and with inflation and rate worries plus political
turmoil looking like being a permanent fixture there should be plenty of
interest in gold
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